We like Twitter as a more efficient way to gather and distribute
information – besides the tweets of what so and so had for lunch
or when they’re dropping their next deuce – but think the
productivity gains of Facebook are probably negative for the
overall economy. That is why Thiel’s interview with Maria
from Davos rings so true to us. Here’s the money
quote,

I think as we look ahead in the next decade, it will
be figuring out ways to integrate the computer technology with
the real world. Businesses like AIRBNB, which help people rent
their houses out, their apartments out to other people, it’s sort
of a new very internet, virtual product. I think that’s
much more promising than all these things that are just in some
alternate virtual universe…it’s not clear that a business like
Twitter is going to take our civilization to the next level and
dramatically improve people’s living
standards.

The guy’s a genius. Take the three minutes to listen.

Click here for the CNBC interview
and here for a great piece in the
New Yorker.